direct tax - capital gain

Question

direct tax - capital gain

if capital gain has not been included in the original return and if one wants to file the revised return by including the capital gain, can he deposit the amount now (i.e. after 31-7-17) in capital gain account scheme to claim the deduction ? original return is filed before due date.

0 0 Answer Now Comment Report

1 Answers

Important Note – Preparing for CA Final?

CAKART provides Indias top faculty each subject video classes and lectures – online & in Pen Drive/ DVD – at very cost effective rates. Get video classes from CAKART.in. Quality is much better than local tuition, so results are much better.

Watch Sample Video Now by clicking on the link(s) below –

CA Final video lectures online & in Pen Drive/ DVD

For any questions Request A Call Back

Pankaj · Answer 1 · 2018-01-19 07:57:59 UTC

Capital Gain Scheme is not depend on filing of return. It should be deposited with in time speciied from the date of transfer. So you cannot doeposit in this scheme for exemption purpose. But you should disclose it in revised return to avoid litigations in future.

Congratulations!

direct tax - capital gain

Want to advertise with CAKART?

Want to sell your Video Courses / Books on CAKART?

Congratulations!

direct tax - capital gain

CAKART would like to make you Super Knowledgeable!